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2010-01-22

Net profit of State Bank of Hyderabad rises

The State Bank of Hyderabad (SBH) recorded a net profit of Rs 202.86 crore, during the quarter ended December 2009, which was Rs 220.98 during the same quarter last year.

The State Bank of Hyderabad (SBH) recorded a net profit of Rs 202.86 crore, during the quarter ended December 2009, which was Rs 220.98 during the same quarter last year.

 

According to Renu Challu, MD, Bank of Hyderabad, emphasis on retail credit-MSME, agriculture, housing loans and vehicle loans, has yielded rich dividends and resulted in the credit growth.

 

SBH plans to add about 60-70 branches within the next 40 days to the current branch network of 1,106 branches. 

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